Northern Trust Corporation

NTRS Financial Asset Management

Northern Trust Corporation’s revenue for fiscal 2025 (year ended December 2025) was $14.3 billion, down 9.92% from fiscal 2024.

Revenue
+3.27%
EPS
+48.7%
Free cash flow
+366.4%
Total debt
−23.4%

Quarter to September 2026, against a year earlier

173.82 2.43 +1.42%
Market cap
$31.0B
P/E
13.4×
Fwd P/E
12.6×
Dividend yield
1.91%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a

Northern Trust Corporation (NTRS) Gross margin

Alert me on Gross margin

Northern Trust Corporation's gross margin over the twelve months to 30 September 2026 was 60.9%, up 4.4 percentage points from fiscal 2025 (56.6%). Over the past ten years it has ranged from 52.2% (fiscal 2024) to 99.6% (fiscal 2021); the current reading is higher than 27% of that period. That is below the Asset Management industry median of 100.0% and below the Financial sector median of 70.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2025 56.6% 4.33
FY2024 52.2% (3.68)
FY2023 55.9% (31.32)
FY2022 87.2% (12.41)
FY2021 99.6% 2.81
FY2020 96.8% 8.74
FY2019 88.1% (1.43)
FY2018 89.5% (4.54)
FY2017 94.1% (2.41)
FY2016 96.5% (0.37)

Quarterly newest first

Period Gross margin Change (points)
Sep 2026 62.1% (1.98)
Jun 2026 64.1% 5.80
Mar 2026 58.3% (0.58)
Dec 2025 58.8% 2.25
43 more quarters

Against its own ten years

Low 52.2% High 99.6%
Ten-year median 89.5%
Current reading's percentile 28

Gross margin against peers

Company Gross margin
TROW T. Rowe Price Group, Inc. compare 100.0%
ARES Ares Management Corporation compare 100.0%
RJF Raymond James Financial, Inc. compare 100.0%
TPG TPG Inc. compare 100.0%
PS Pershing Square Inc. compare 100.0%
AMP Ameriprise Financial, Inc. compare 100.0%
STT State Street Corporation compare 66.6%
NTRS Northern Trust Corporation 60.9%
PFG Principal Financial Group, Inc. compare 48.5%
Asset Management industry median 100.0%
Financial sector median 70.1%
Market median 45.1%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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